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Treating Equals Unequally - Incentives in Teams, Workers' Motivation and Production Technology
Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2007
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10010274004
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Treating equals unequally: incentives in teams, workers' motivation and production technology
Goerg, Sebastian J.; Kube, Sebastian; Zultan, Ro'i - 2009
The importance of fair and equal treatment of workers is at the heart of the debate in organizational management. In this regard, we study how reward mechanisms and production technologies affect effort provision in teams. Our experimental results demonstrate that unequal rewards can potentially...
Persistent link: https://www.econbiz.de/10010274018
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Wage dispersion and wage dynamics within and across firms
Carrillo-Tudela, Carlos; Smith, Eric - 2009
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option is available, monopsony wages result. With more than one...
Persistent link: https://www.econbiz.de/10010292209
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Wage dispersion and wage dynamics within and across firms
Carrillo-Tudela, Carlos; Smith, Eric - 2009
This paper examines wage dispersion and wage dynamics in a stock-flow matching economy with on-the-job search. Under stock-flow matching, job seekers immediately become fully informed about the stock of viable vacancies. If only one option is available, monopsony wages result. With more than one...
Persistent link: https://www.econbiz.de/10010268976
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Wage Structure and the Incentive Effect of Promotions
van Herpen, Marco; Cools, Kees; van Praag, Mirjam - 2004
This paper studies wage structure characteristics and their incentive effects within one firm. Based on personnel records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role as a wage determinant. We furthermore show that a...
Persistent link: https://www.econbiz.de/10010325291
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How wages respond to shocks: asymmetry in the speed of adjustment
Rõõm, Tairi; Dabusinskas, Aurelijus - 2011
The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with...
Persistent link: https://www.econbiz.de/10011605386
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Wage rigidities and business cycle fluctuations: A linked employer-employee analysis
Adamopoulou, Effrosyni; Bobbio, Emmanuele; De … - In: IZA Journal of Labor Policy 5 (2016) 22, pp. 1-32
This paper analyses wage dynamics in Italy in the last 25 years with a special focus on the recent recession. Despite the rather rigid Italian institutional setting, using linked employer-employee data we find that wage rigidities, albeit always present, have been subdued during the recessionary...
Persistent link: https://www.econbiz.de/10011986219
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Wages, Training and Job Turnover in a Search-Matching Model
Rosholm, Michael; Svarer, Michael - 2000
In this paper we extend a job search-matching model with firm-specific investments in training developed by Mortensen (2000) to allow for different offer arrival rates in employment and unemployment. The model by Mortensen changes the original wage posting model (Burdett and Mortensen, 1998) in...
Persistent link: https://www.econbiz.de/10010262429
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The Dispersion of Bonus Payments within and between Firms
Grund, Christian; Hofmann, Tanja - 2017
We explore the dispersion of bonus payments of managers within and between five large firms from the German chemical sector. We use data from a yearly salary survey in these firms during the observation period 2008 to 2013. Bonus payments account for 20 percent of base salaries on average. Both...
Persistent link: https://www.econbiz.de/10011653370
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Optimal Incentive Contracts when Workers envy their Boss
Dur, Robert; Glazer, Amihai - 2004
A worker's utility may increase with his income, but envy can make his utility decline with his employer's income. This … article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the … applications of our theoretical work: envy can explain why a lower-level worker is awarded stock options, why incentive pay is …
Persistent link: https://www.econbiz.de/10010325487